Sella, the Board of Directors approves the draft 2023 financial statements

The Board of Directors of Banca Sella Holding, the Parent Company of Sella group, approved the draft financial statements as at 31 December 2023, confirming the preliminary results communicated on 9 February.

Sella group closed 2023 with very positive and steadily growing results in its various business sectors, attesting to the effectiveness of the diversification of its revenue sources and development strategy, based on the quality of consultancy services and on technological innovation, and the fostering of an open financial ecosystem aimed at best serving the clientele and generating a positive impact on the economy and society as a whole.

Sella group’s consolidated net profit stood at €149 million, of which €107.5 million pertaining to the Parent Company and €41.5 million pertaining to minority interests, which are present in the shareholding structure of several group companies also to support the strategic development of their business activities.

The group recorded increased banking income to over 1 billion euros for the first time (+18.2%), global deposits (+16.1%), loans (+4.9%), and all business volumes. The group has further strengthened its capital solidity: CET1 was 13.36% and Total Capital Ratio was 15.47% (they were 13.21% and 15.12% respectively at the end of 2022). LCR is at 230.83% and NSFR at 142.90%.

The group's positive results are also echoed in the good performance of Banca Sella. In fact, the Board of Directors of Banca Sella approved the draft financial statements as at 31 December 2023 and will propose to the Shareholders' Meeting the distribution of a € 0.0706 per share dividend, up 60.82% over last year, for a total amount of € 47.2 million, equal to 30% of the net profit.

Banca Sella closed 2023 reporting a net profit of €157.3 million, representing a significant increase from the €73.3 million in the previous year. It further strengthened its historical financial soundness, with CET1 at 19.27% and Total Capital Ratio at 21.78% (they were 18.63% and 21.16% respectively). Compared to the preliminary results communicated on 9 February, the liquidity ratios were revised upwards: the LCR index is 275.31%, while the NSFR index is 161.19% (for both the minimum required threshold is 100%). Particularly worthy of note was the progress in net banking income (+30.2% to €644 million), thanks to the increase in both net interest income (+68.3% to €392.3 million) and net income from services (+3.3% to €250.7 million). Lending increased by 3.7% reaching €9.4 billion. Global inflows at market value stood at €35.4 billion, up 12.2%, while global net inflows were positive by €2.6 billion.